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News

  • MSE index recoup lost ground

    The MSE index closed the week marginally lower following strong sessions on Thursday and yesterday – managing to recoup the lost ground incurred earlier in the week to close at 4,631.853 points. Government stocks stood in the limelight, due to...

  • Global stocks gain as political tumult eases

    The US dollar fell while world stock markets edged up yesterday amid some calm following declines earlier in the week spurred by uncertainty relating to Donald Trump’s US presidency. On Wall Street, key stock indexes climbed, led by energy shares.

  • EU body tells Italy’s Veneto banks to raise further capital

    EU body tells Italy’s Veneto banks to raise further capital

    EU Competition authorities have asked Italian banks Popolare di Vicenza and Veneto Banca to raise €1 billion in private capital as a condition to approve their request for state aid, a source close to the matter said yesterday. Several sources...

  • Daily currency report

    Yesterday a strong morning session was soon unwound with the release of solid US data and Theresa May’s manifesto. Yesterday the sterling had surged almost one cent higher from the open as April retail sales numbers showed the quantity bought in...

  • Company briefs

    Passengers in many Lufthansa and Austrian Airlines flights across Europe have access to unlimited surfing and streaming thanks to wi-fi on the aircraft. Internet access would also be available on Eurowings flights in a few weeks’ time, Lufthansa...

  • Sharp slowdown in trading activity

    The share index extended yesterday’s gains as it advanced by a further 0.54% to reach a five-day high of 4,631.853 points.Most of Most of today’s gains were due to the 4.9% rise in the share price of RS2 as well as the positive performance of HSBC...

  • The economy and society

    Once the UK Prime Minister, Theresa May, had cynically stated “There is no such thing as society”. Her line of thinking was quite straightforward. People have the duty to look after themselves first and, when they have a problem, they cannot cast...

  • New Junior Chamber of Advocates executive committee announced

    New Junior Chamber of Advocates executive committee announced

    “For the first time, the elected executive committee team of the Junior Chamber of Advocates is made up of students coming from all the different years of the law course,” said Rebecca Mercieca, the newly- elected president of the Junior Chamber...

  • UK shoppers shrug off inflation pressure as sun comes out

    UK shoppers shrug off inflation pressure as sun comes out

    British shoppers set aside their concerns about fast-rising inflation following the Brexit vote and stepped up spending last month at the fastest rate in years, encouraged by fine weather, official data showed. The unexpectedly strong figures...

  • GreenPak Coop reports best year of operation

    GreenPak Coop reports best year of operation

    GreenPak Coop, the largest waste recovery system in Malta, announced that 2016 was its best year yet. This success follows increases in its membership base as well as increases in the tonnage of packaging waste collected and recycled. Last year...

  • Deutsche Bank wants former bosses to pay for past misconduct

    Deutsche Bank wants former bosses to pay for past misconduct

    Deutsche Bank expects former board members to pay substantial sums for their role in past misconduct which has tarnished the reputation of Germany’s biggest lender, its chairman Paul Achleitner said yesterday. Achleitner told shareholders at...

  • Trump storm strikes global stocks again

    Swirling uncertainty over US President Donald Trump’s political future saw world stocks extend their steepest fall in over six months yesterday, though there were signs of stabilisation elsewhere as the dollar and gold steadied. Reports that Mr...

  • Strong European capital market needed

    Strong European capital market needed

    Europe needs a strong capital market to maintain independence from the United States and in light of Britain’s decision to leave the European Union, the chairman of Deutsche Bank’s supervisory board said. Paul Achleitner, in an interview with...

  • The dividend league table

    The dividend league table

    Following last week’s article on the ROE league table, I am now publishing the updated dividend league table. Presumably, this is a more popular financial indicator used by many local investors due to their main objective of generating a regular...

  • EU starts legal action against Italy over Fiat Chrysler emissions

    The European Commission launched legal action against Italy yesterday for failing to respond to allegations of emission-test cheating by Fiat Chrysler, in a procedure that could lead to the country being taken to court. The Commission said Italy...

  • S&P down on Trump concern

    US stocks and the dollar fell while bond prices rose yesterday as reports US President Donald Trump raised questions about his ability to deliver on tax and regulatory reform. All three major US stock indexes were down more than one per cent, with...

  • Shipping movements

    These ships are expected in Malta: The MV Eurocargo Malta from Genoa to Catania (Sullivan Maritime) today. The Maersk Regensburg from Algiers to Annaba (Thomas Smith Shipping Ltd) and the Kriti I from Palermo to Palermo (Gollcher Co Ltd)...

  • Share index drops to a fresh 2017 low

    Share index drops to a fresh 2017 low

    The share index declined by 0.58% to its lowest level this year of 4,601.110 points as the drops in the share prices of four equities (including those of IHI and BOV) outweighed the marginal gain in HSBC. Meanwhile, another four equities closed...

  • Scoring a profit

    Scoring a profit

    English Premier League footballclub Manchester United raised its full-year revenue and profit forecast for 2016-2017 as it prepares for the Europa League final next week. United, whose best known players include Paul Pogba and Wayne Rooney, said...

  • Asos warehouse fire destroys stock worth millions

    British online fashion retailer Asos Plc said yesterday a fire at its warehouse outside Berlin destroyed stock worth about €7 million. The company’s Eurohub 2 distribution centre had about seven million items in stock when the fire broke out at...

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